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Even Healthcare, a managed care provider, has raised $30 million in Series A funding, led by Khosla Ventures, with support from Founders Fund, 8VC, and Lachy Groom. This brings their total funding to $50 million.
The company plans to use this new investment to start hospital operations and improve patient care systems. Entrackr had reported this round in August. Before this, Even Healthcare raised $15 million in November 2022 from Alpha Wave and Aspada, following a $5 million seed investment led by Khosla Ventures in 2021.
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Founded in 2020 by Mayank Banerjee, Matilde Giglio, and Alessandro Ialongo, Even Healthcare offers free consultations, diagnostic tests, and cashless hospitalizations through its clinical team and insurance partners. They work only with hospitals that guarantee care for their members in exchange for recurring payments.
The platform provides personalized care programs and offers Even cards to pay bills at partner hospitals and labs. Unlike regular insurance, Even gives unlimited OPD consultations and diagnostics.
Even Healthcare, with 300 employees has grown its membership to hundreds of thousands and generated $28 million (over Rs 230 crore) in revenue within 18 months of launching.
Looking ahead the company plans to open three hospitals in Bengaluru, focused on secondary care. This move aims to lower hospitalization risks through early risk assessments and managed care.
About Even
Founded in 2020 by Mayank Banerjee, Matilde Giglio, and Alessandro Ialongo, Even Healthcare offers free consultations, diagnostic tests, and cashless hospitalizations through its clinical team and insurance partners.
